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Yardbird Group filed for Chapter 11 because its restaurant business has accumulated more debt and financial obligations than it can comfortably manage under its normal operations. In simple terms, the... More
American Efficient, a Durham-based energy company, filed for Chapter 11 bankruptcy because it faces a government order totaling more than $1.1 billion—far more than the company says it can afford... More
Saint Augustine’s University in Raleigh is in Chapter 11 bankruptcy, which is a court-supervised process meant to give an organization time to reorganize its finances rather than immediately shut down.... More
Debt settlement companies often promise that they can reduce what you owe for less than the full balance. They may tell you to stop paying your creditors and instead send... More
Chapter 7 and Chapter 13 are two common types of personal bankruptcy, but they work in very different ways. Chapter 7 is generally a faster process that can erase many... More
The rapid rise in property taxes and homeowners insurance across North Carolina is quietly driving up monthly mortgage payments, making it harder for many homeowners to stay current and pushing... More
Japan’s bankruptcy surge to an all-time high is mainly the result of persistent inflation, higher labor costs, and a weak yen squeezing small and mid-sized businesses. In 2025, bankruptcies topped... More
Many people assume that foreclosures happen because homeowners cannot afford their mortgage loan payments, but in much of the Southeast, the real issue is different. The biggest problem is not... More
North Carolina faces a growing risk of “water bankruptcy” a condition where water demand outpaces reliable supply because of rapid population growth, uneven water distribution, aging infrastructure, and increasing climate... More
Stagflation can contribute to more bankruptcy filings in North Carolina because it combines rising prices with slower economic growth and increased unemployment. In this environment, the cost of essentials rises... More
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